DeLoach Ranch

Mysteries of ranching …

Understanding this could be huge. Make those tax credits transferable, meaning a rancher could sell them for cash to o some one who needs the tax write off more and you would really have something to help ranchers

STATEMENT: Commissioner Sid Miller is responding to a recent USDA report that listed the national cattle herd at its lowest level in 75 years. This trend is alarming, but an effective beef policy, including heifer tax credits, will help producers to be more competitive and meet the nation’s food supply demands.

The following statement may be attributed to Commissioner Sid Miller.

“The way we lower beef prices and restore affordability is by putting American beef first. That starts with rebuilding our cattle herd. I’m calling for a Heifer Retention Tax Credit, modeled after the Child Tax Credit, that would allow cow-calf operators to receive a tax credit for retaining heifers and expanding their herds. This policy would be the most direct way to help rebuild our national herd, increase beef production, and ultimately bring relief to American families at the grocery store."

Read the full statement on the TDA website: https://texasagriculture.gov/News-Events/Article/10771/Commissioner-Miller-Calls-for-Heifer-Tax-Credit-to-Bolster-US-Cattle-Supply-Low